Apr 27, 2023 | Government Announcements
HMRC is expanding its text message service following a successful trial launched in January. The service automatically redirects some callers to the relevant Government website page in an effort to cut down phone waiting times. According to HMRC, the trial resulted in...
Apr 24, 2023 | Government AnnouncementsPAYE and NI
HMRC is raising awareness of the rules surrounding tax on termination payments. The tax authority's latest agent update stresses that employers should be careful when finalising severance packages to ensure they stay compliant with legislation changes. The Government...
Apr 20, 2023 | Government Announcements
The annual inflation rate eased slightly in March, falling from 10.4% to 10.1%, according to the latest figures from the Office for National Statistics (ONS). Chancellor Jeremy Hunt said this shows that the Government is "on track" to meet its targets, with the OBR...
Apr 18, 2023 | Government Announcements
In a bid to curb abuse of the self-assessment system, HMRC will introduce a points-based penalty system. Rather than keep the standard £100 fine for filing a self-assessment tax return late, HMRC will roll out the reformed system in 2026. It's set to apply to...
Apr 13, 2023 | Government Announcements
From 1 August 2023, companies will need to provide more detailed information when claiming research & development (R&D) tax relief. New guidance from HMRC states that companies must complete an additional online form alongside their corporation tax return to...
